Morgan Stanley Maintains Equal-Weight on Marvell Tech, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Marvell Tech (NASDAQ:MRVL) but lowered the price target from $84 to $71.
March 08, 2024 | 12:41 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Marvell Tech but lowers the price target from $84 to $71.
The reduction in price target by a reputable analyst like Joseph Moore from Morgan Stanley could lead to a negative short-term sentiment among investors, potentially causing a decrease in MRVL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100